Shares of Dave Inc (DAVE) unexpectedly plummeted 5.52% in intraday trading on Tuesday, despite the company reporting strong third-quarter results and raising its full-year guidance. The fintech firm's stock movement contradicted the positive financial data released earlier in the day, leaving investors puzzled.

Dave reported impressive Q3 numbers, with revenue surging to $150.8 million, up from $92.5 million in the same quarter last year. The company's adjusted net income also showed significant improvement, reaching $4.24 per diluted share, compared to $1.51 a year earlier. Both figures handily beat analyst expectations, with FactSet-polled analysts projecting earnings of $2.38 per share on revenue of $133.1 million.

Adding to the positive news, Dave raised its 2025 revenue guidance to between $544 million and $547 million, up from the previous range of $505 million to $515 million. The company also increased its 2025 Adjusted EBITDA guidance to $215-$218 million. Despite these upbeat projections and strong quarterly performance, investors appeared to be selling off the stock, possibly due to profit-taking or concerns about the sustainability of the company's growth rate. The stark contrast between the premarket 10% gain and the intraday plunge suggests a rapid shift in investor sentiment, the reasons for which remain unclear at this time.